This paper called “Banking restructured” redefines the role of banking sector to pave the way for future economic system that benefits 7 billion people of the world in all spheres of their lives in one form or the other. This restructured banking system will make the budget preparation of...

President Biden signed a $1.9 trillion COVID relief package (the “American Rescue Plan”) on March 11, 2021. Without a corresponding increase in taxes, this plan has set off alarm bells for those concerned about the expansion of government deficits and debt. Mainstream economists have raised...

Abstract:- 1) This new economic system contains a new tax system without multiple taxes, tax laws, tax collection departments, tax tribunals and tax enforcement agencies. Citizens need not maintain separate account books and submit tax returns annually for paying either Direct taxes on personal...

Banking is expanded to the ultimate level so that many State and Central Government departments can be integrated in the banking system to cut the present government size and non plan expenditure to 1/3 level.Purpose of this new banking structure* To establish a bank branch at every village or...

The optimal choice of a monetary policy instrument depends on how tight and transparent the available instruments are and on whether policymakers can commit to future policies. Tightness is always desirable; transparency is only if policymakers cannot commit. Interest rates, which can be made...

Banking structure is redesigned to make India a fully digital nation and to usher in 100% E-governance.Multi dimensional and multipurpose savings account -- It is the main keel of this restructured banking.Purpose of this multi dimensional account:1. This savings account can be used for...

Countries in the Common Market for Eastern and Southern Africa (COMESA), like many other developing nations, face difficulty in raising tax revenue for public purposes. This chapter uses panel data analysis for nineteen countries during 2000-2009 to analyze empirically the determinants of tax...

To the best of our knowledge, our paper is the first systematic study of the predictive power of monetary aggregates for future inflation for the cross section of New EU Member States. This paper provides stylized facts on monetary versus non-monetary (economic and fiscal) determinants of...